IEF vs. ENPH
IEF (iShares 7-10 Year Treasury Bond ETF) is Government Bonds fund tracking the ICE U.S. Treasury 7-10 Year Bond Index, while ENPH (Enphase Energy, Inc.) is a stock. Over the past 10 years, IEF returned 0.49%/yr vs 35.80%/yr for ENPH. At a correlation of -0.02, they often move in opposite directions.
Performance
IEF vs. ENPH - Performance Comparison
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Returns By Period
In the year-to-date period, IEF achieves a -0.82% return, which is significantly lower than ENPH's 23.12% return. Over the past 10 years, IEF has underperformed ENPH with an annualized return of 0.49%, while ENPH has yielded a comparatively higher 35.80% annualized return.
IEF
- 1D
- -0.32%
- 1M
- -0.54%
- 6M
- -0.58%
- YTD
- -0.82%
- 1Y
- 2.96%
- 3Y*
- 2.64%
- 5Y*
- -1.58%
- 10Y*
- 0.49%
- ALL TIME*
- 3.37%
ENPH
- 1D
- -5.08%
- 1M
- -24.52%
- 6M
- 12.81%
- YTD
- 23.12%
- 1Y
- -0.30%
- 3Y*
- -39.42%
- 5Y*
- -26.16%
- 10Y*
- 35.80%
- ALL TIME*
- 12.31%
IEF vs. ENPH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IEF iShares 7-10 Year Treasury Bond ETF | -0.82% | 8.03% | -0.63% | 3.64% | -15.15% | -3.33% | 10.01% | 8.03% | 0.99% | 2.55% |
ENPH Enphase Energy, Inc. | 23.12% | -53.33% | -48.02% | -50.13% | 44.83% | 4.26% | 571.53% | 452.43% | 96.27% | 138.61% |
Correlation
The correlation between IEF and ENPH is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2012 | -0.02 |
The correlation between IEF and ENPH shifts across timeframes, from -0.02 (all time) to 0.17 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
IEF vs. ENPH — Risk / Return Rank
IEF
ENPH
IEF vs. ENPH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares 7-10 Year Treasury Bond ETF (IEF) and Enphase Energy, Inc. (ENPH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| IEF | ENPH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.08 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | -0.01 | +0.74 |
| Martin ratioReturn relative to average drawdown | 1.82 | -0.01 | +1.83 |
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Drawdowns
IEF vs. ENPH - Drawdown Comparison
The maximum IEF drawdown since its inception was -23.93%, smaller than the maximum ENPH drawdown of -95.97%. Use the drawdown chart below to compare losses from any high point for IEF and ENPH.
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Drawdown Indicators
| IEF | ENPH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.93% | -95.97% | +72.04% |
Max Drawdown (1Y)Largest decline over 1 year | -4.07% | -45.44% | +41.37% |
Max Drawdown (3Y)Largest decline over 3 years | -7.05% | -85.45% | +78.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.40% | -92.23% | +70.83% |
Max Drawdown (10Y)Largest decline over 10 years | -23.93% | -92.23% | +68.30% |
Current DrawdownCurrent decline from peak | -11.49% | -88.26% | +76.77% |
Average DrawdownAverage peak-to-trough decline | -5.37% | -50.81% | +45.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 23.47% | -21.84% |
Volatility
IEF vs. ENPH - Volatility Comparison
The current volatility for iShares 7-10 Year Treasury Bond ETF (IEF) is 1.40%, while Enphase Energy, Inc. (ENPH) has a volatility of 21.42%. This indicates that IEF experiences smaller price fluctuations and is considered to be less risky than ENPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IEF | ENPH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.40% | 21.42% | -20.02% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 69.37% | -65.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.71% | 83.92% | -79.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.70% | 70.62% | -62.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.61% | 78.38% | -71.77% |
Dividends
IEF vs. ENPH - Dividend Comparison
IEF's dividend yield for the trailing twelve months is around 3.93%, while ENPH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ENPH Enphase Energy, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IEF iShares 7-10 Year Treasury Bond ETF | 3.93% | 3.77% | 3.62% | 2.91% | 1.96% | 0.83% | 1.08% | 2.08% | 2.24% | 1.82% | 1.81% | 1.90% |
Frequently Asked Questions
IEF and ENPH have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ENPH has higher volatility (21.42%) compared to IEF (1.40%). In terms of maximum drawdown, IEF dropped -23.93% vs ENPH's -95.97%.
IEF currently has the higher Sharpe Ratio (0.63 vs -0.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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